Foreign Trust & Estate Tax Compliance

If you have an international trust or estate, or you are considering implementing or administering one, you’ve probably worried about your personal, trust or estate’s filing obligations.

Questions may arise such as:

• Do I need to report either the U.S. or non-U.S. assets?
• How are U.S. and non-U.S. beneficiaries treated under U.S. tax law?
• What federal or state forms need to be filed?

After all, foreign trusts & estates face complex reporting requirements. Both the owners and the beneficiaries may be subject to U.S. income and transfer taxes, as well as information reporting requirements. Not satisfying the information reporting requirements can also result in significant civil and sometimes criminal penalties.

With tax consequences, rules and regulations impacting individuals and businesses alike, it’s important to know where you stand.

A Trusted International Advisor Can Help
Eide Bailly has the expertise to help simplify your trust & estate reporting requirements.

Our services include:

For trust & estate administrators:

• Calculate and report/remit back-up withholding
• Complete required forms and file delinquent forms
• Break down complex trust structures
• Determine reporting requirements and withholding status

For settlors and beneficiaries:

• Determine reporting requirements
• Complete required forms and file delinquent forms
• Understand the U.S. tax implications
• Understand and comply with U.S. gift and estate tax rules

Plus, our experienced international tax professionals can assist with a wide variety of international business services, from tax planning to compliance and more. We help you and your employees prepare for and stay in compliance with international tax rules and regulations when working abroad, so you can focus on growing your business, not tax forms.